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Petrobras' 2022-2026 strategic plan foresees 15 new FPSOs in six fields between 2022 and 2026. The director of production development, João Henrique Rittershaussen, highlighted that Petrobras will have under its operation approximately 50% of the FPSOs that will come into operation in the world in the next five years. Of the 15 planned units, 12... Continue Reading →
The auction of surplus volumes from the transfer of rights in the areas of Sépia and Atapu, in the Santos Basin pre-salt, represents, for the oil companies, immediate access to projects in the operational phase and may, depending on the results, attract two new producers. Among the eleven companies qualified for the round, scheduled for... Continue Reading →
(PetroleoHoje) Petrobras will invest US$ 5.5 billion in the Exploration segment in the five-year period 2022-2026, maintaining its focus on the Southeastern basins and on the Equatorial Margin. The figure represents only 10% of the total amount allocated to the E&P area of US$ 57.3 billion. Petrobras plans to drill 70 exploratory wells over the... Continue Reading →
Sweden-based engineering firm Trelleborg has won a contract to supply an integrated structural elastomeric bearing system for MISC Offshore's FPSO project in South America. Trelleborg said the FPSO would have a processing capacity of 180,000 barrels of oil and 12 million cubic meters of gas per day. These specs correspond to the FPSO MISC is building... Continue Reading →
Offshore drilling company Seadrill has won two contracts with Brazil's Petrobras for the West Carina and West Tellus drillship. The two rigs will work on the Búzios field offshore Brazil. Both contracts have been signed on a 3-year fixed-term basis, with an expected start in September 2022. The total contract value for the two contracts... Continue Reading →
Petrobras divestment plan suffered a significant blow. The company decided that it will no longer sell 50% of the Marlim Cluster, which comprises of the Marlim, Voador, Marlim Leste and Marlim Sul fields, located predominantly in deep waters in the Campos Basin. “It is an asset that we have already managed to extend [the term... Continue Reading →
BP said on Thursday it had started production at the Platina oilfield offshore Angola, helping Africa's second biggest oil exporter slow a decline in output. The Platina field will be linked to BP's existing Greater Plutonio floating production, storage and offloading (FPSO) system in Angola's Block 18 which started up in 2007. It will produce... Continue Reading →
The Brasfels shipyard, in Angra dos Reis (RJ), began manufacturing the production modules for the FPSO P-78, which will be installed in the Buzios field, in the Santos Basin. Altogether, ten modules will be built here in Brazil – out of a total of 21 – and the work should last around 20 months. The... Continue Reading →
(Reuters) - A Brazil's state-controlled company that manages the government share of oil produced in the subsalt areas estimates the government will raise $116 billion selling oil through 2031. State-controlled PPSA CEO Eduardo Gerk estimates production of 8.2 billion barrels under the so-called production sharing contracts over the next 10 years, of which 1.5 billion... Continue Reading →
French-American multinational, TechnipFMC recently landed a multi-million dollar contract to supply the subsea equipment for ExxonMobil’s fourth project in the Stabroek Block at the Yellowtail Development area. Based on its analysis of this contract alongside its record of others in the industry over the years, Rystad Energy recently noted that it ranks among the top... Continue Reading →
